Required information Problem 15-1A Production costs computed and recorded; reports prepared LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Marcelino Co's March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $375,000. Overhead costs incurred in April are: Indirect materials. $55,000, indirect labor, $20,000; factory rent, $36.000; factory utilities, $20,000, and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of the three jobs worked on in Aprill follow 30 Job 306 Job 387 Job 388 $ 27,eee 20,880 1e, e $ 35,000 13,000 6,500 Balances on March 31 Direct materials Direct labor Applied overhead Costs during April Direct materials Direct labor Applied overhead Status on April 30 $110,000 101,600 132,eee 101, eee ? Finished (sold) 215,000 153,eee > Finished (unsold) In process Activate Winde Go to Settings